MakeMyTrip to power Flipkart's soft entry into OTA business

Vijayakumar Pitchiah

Homegrown e-commerce major Flipkart has partnered with online travel services provider MakeMyTrip to provide its users with travel ....

5 April, 2018

Naspers raises $9.8 bn from 2% Tencent share sale; may invest in OLX, Swiggy, PayU

Anand J

South African technology major Naspers announced on Friday that it has raised $9.8 billion from the sale of 2% of its holdings in ....

22 March, 2018
ADVERTISEMENT

Food delivery startup Swiggy raises $100 mn in Series F round

Dearton Thomas Hector

Online food delivery startup Swiggy.com, run by Bengaluru-based Bundl Technologies Pvt. Ltd, has raised $100 million (Rs 640 crore) ....

8 February, 2018

Morgan Stanley trims Flipkart valuation to $5.39 bn

Binu Paul

Indian e-commerce firm Flipkart has suffered its second markdown in as many months with a mutual fund managed by Morgan Stanley ....

28 February, 2017

Flipkart suffers yet another valuation markdown

Binu Paul

Just when Flipkart Internet Pvt. Ltd was consolidating its position under the new CEO Kalyan Krishnamurthy, a fresh bout of valuation ....

3 March, 2017

Flipkart-owned PhonePe in talks with PayPal to raise funds

Arti Singh

Flipkart-owned PhonePe is in talks to raise a significant amount of funding independently at a valuation of about $500 million ....

8 February, 2017
ADVERTISEMENT

Fidelity slashes Flipkart's valuation to $5.56 bn

Binu Paul

Fidelity Rutland Square Trust II, the mutual fund managed by Fidelity Investments, has lowered the value of its investment in ....

25 January, 2017

Digital lending platform ZestMoney raises $6.5 mn from PayU, others

Dearton Thomas Hector

Chalk Farm Ventures Pvt. Ltd, which runs consumer lending startup ZestMoney, has raised $6.5 million (Rs 44 crore) in a Series ....

7 December, 2016

Flipkart suffers another markdown as Vanguard slashes stake value by 33%

Binu Paul

A mutual fund managed by US-based investment firm Vanguard Group has marked down the value of its stake in Flipkart by 33%, joining ....

2 December, 2016

Flipkart's valuation down to $5.57 bn after Morgan Stanley slashes value of its holding

Binu Paul

A mutual fund managed by Morgan Stanley has marked down the value of its shares in Flipkart by 38.2% leaving India's largest e-commerce ....

29 November, 2016
ADVERTISEMENT

PayU India names Maneesh Goel as CFO

Disha Sharma

Naspers-backed PayU India has appointed former CEO of Den Snapdeal TV-Shop Maneesh Goel as chief financial officer, it said in ....

26 November, 2016

Flipkart's loss doubles in FY2015-16

Disha Sharma

The net loss of Flipkart Internet Pvt. Ltd, which operates e-commerce major Flipkart, doubled to Rs 2,306 crore in the financial ....

26 November, 2016

PayU's finance head Gurpreet Singh quits

Arti Singh

Naspers-backed PayU Payments Pvt. Ltd has seen another top level exit with the resignation of its finance head. Gurpreet Singh, ....

27 October, 2016

Online travel portals MakeMyTrip and ibibo to merge

Deepti Chaudhary

In the biggest consolidation move in the online travel agency (OTA) space in India, NASDAQ-listed MakeMyTrip Ltd has agreed to ....

18 October, 2016

Goibibo launches live tracking service for domestic, international flights

Varun Arora

Online travel agency Goibibo.com, which is a part of South African digital media firm Naspers, has introduced the feature of ....

12 October, 2016

Flipkart gets a valuation boost from Fidelity

Binu Paul

After a string of six successive markdowns, Indian e-commerce giant Flipkart has received a welcome break from American mutual ....

28 July, 2016

Exclusive: Naspers floats Stradia through OLX to re-enter Indian online used car space

Disha Sharma

Less than two years after selling second-hand cars business Gaadi.com to Google Capital-backed CarDekho, South African internet ....

23 July, 2016

Goibibo rolls out travel-based social network

Varun Arora

Online travel agency (OTA) Goibibo.com, part of South African digital media firm Naspers, has rolled out a travel social network ....

20 June, 2016

Naspers invested $302.5M in Flipkart this year to retain 16.63% stake

Sainul K

South African media conglomerate Naspers Group injected $302.5 million or a quarter of the total $1.21 billion that Flipkart Pvt ....

25 November, 2014

Naspers merges PayU India with global payments business

Sainul K

Naspers, which controls Gurgaon-based ibiboGroup, which runs a string of e-commerce platforms including Goibibo.com, redBus.in, ....

13 February, 2014

Naspers paid $100M to buy 80% in redBus; Flipkart valued at $1.6B in latest funding

Team TC

Its official, Naspers paid $100 million in cash to buy an effective 80 per cent stake in Pilani Soft Labs Pvt Ltd, which runs ....

26 November, 2013